Single-Photon Emission Computed Tomography (SPECT) Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Single-Photon Emission Computed Tomography (SPECT) Market Achieve During 2025–2034, and What Does It Indicate?
In recent times, there has been a robust growth in the market size of single-photon emission computed tomography (SPECT). The growth is projected to increase from $2.37 billion in 2024 to $2.53 billion in 2025, at a compound annual growth rate (CAGR) of 6.7%. The historic period’s growth can be credited to an increase in diagnostic imaging requirements, surge in chronic disease incidences, advancements in radiopharmaceuticals, growing older population, and a rise in healthcare spending.
In the forthcoming years, robust expansion is anticipated in the single-photon emission computed tomography (SPECT) market, with predictions suggesting it will reach a value of $3.59 billion by 2029, advancing at a compound annual growth rate (CAGR) of 9.2%. This projected rise over the forecast period may result from an increased focus on precision medicine, an expansion of uses in neurological imaging, a worldwide increase in cancer cases, advances in radiotracer technology, and integration with various imaging systems. Significant forecast period trends involve improved techniques for image reconstruction, the emergence of mobile SPECT imaging services, a heightened focus on cardiac imaging, advancements in detector technology, and a rise in clinical research efforts.
Which Primary Drivers Are Supporting the Continued Expansion of the single-photon emission computed tomography (spect) Market?
The single-photon emission computed tomography (SPECT) market is anticipated to grow substantially due to an increase in cancer incidents. The increasing incidence of cancer is attributed to an aging population, poor lifestyle choices, and factors related to the environment. Single-photon emission computed tomography (SPECT) assists in cancer detection, staging, and ongoing monitoring, augmenting other imaging methods such as computed tomography (CT) and Magnetic Resonance Imaging (MRI) scans. For example, the World Health Organization, a United Nations subsidiary based in Switzerland, recorded 41 million deaths in September 2023. This accounted for 74% of deaths caused yearly by non-communicable diseases (NCDs) or chronic diseases worldwide. Of these, cardiovascular diseases accounted for 17.9 million deaths, 9.3 million were cancer-related, chronic respiratory diseases caused 4.1 million deaths, and 2.0 million were caused by diabetes. Thus, the mounting occurrence of cancer cases is bolstering the expansion of the single-photon emission computed tomography (SPECT) market.
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Who Are the Key Firms Paving the Way for Growth in the Single-Photon Emission Computed Tomography (SPECT) Market?
Major companies operating in the single-photon emission computed tomography (SPECT) market include:
• GE Healthcare Technologies Inc._x000D_
• Siemens AG_x000D_
• Digirad Corporation_x000D_
• Mediso Ltd._x000D_
• Bracco Diagnostic SpA_x000D_
What Are the Most Influential Trends Currently Shaping the Single-Photon Emission Computed Tomography (SPECT) Market?
One key trend that is becoming increasingly popular in the single-photon emission computed tomography (SPECT) market is the progression of technology. To maintain their market traction, companies within the single-photon emission computed tomography (SPECT) market are integrating fresh, advanced technologies like high-resolution imaging. In a move to demonstrate this, Siemens Healthcare, a German company that manufactures medical devices and solutions, launched Symbia Pro. Spectra SPECT/CT Scanner in June 2022. The device is enabled with cutting-edge imaging technology; enhanced accessibility; ideal low-dose imaging; automated SPECT motion adjustment; bespoke clinical tools devised for imaging applications in cardiology, oncology, orthopedics, and neurology. To further attest to its technological advancement, the device comprises the myExam Companion feature, facilitating automated workflow directions.
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How Are the Key Segments of the Single-Photon Emission Computed Tomography (SPECT) Market Impacting Its Expansion and Revenue Streams?
The single-photon emission computed tomography (SPECT) market covered in this report is segmented –
1) By Type: Hybrid SPECT Systems, Standalone SPECT Systems
2) By Type Of Radioisotopes: Tc-99m, Ra-223, Ga-67, I-123, Other Radioisotopes
3) By Application: Oncology, Cardiology, Neurology, Other Applications
4) By End User: Hospitals, Diagnostic Centers, Other End User
Subsegments:
1) By Hybrid SPECT Systems: SPECT Or CT Systems, SPECT Or MRI Systems
2) By Standalone SPECT Systems: Single-Head SPECT Systems, Multi-Head SPECT Systems
Which Regions Are Essential for the Growth of the Single-Photon Emission Computed Tomography (SPECT) Market?
North America was the largest region in the single-photon emission computed tomography (SPECT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the single-photon emission computed tomography (SPECT) market report during the forecast period. The regions covered in the single-photon emission computed tomography (spect) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Is the Definition of the Single-Photon Emission Computed Tomography (SPECT) Market Impacting Future Growth?
Single-photon emission computed tomography (SPECT) is a medical imaging technique that uses radioactive tracers and gamma rays to produce 3D images of internal organs and tissues. The tracer can be detected by a gamma camera by emitting gamma rays, allowing for non-invasive and detailed imaging of a patient’s internal structure.
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